The marginal propensity to consume is calculated by taking the change in ______ and dividing it by the change in ______.

a. saving; consumption spending
b. saving; disposable income
c. consumption spending; saving
d. consumption spending; disposable income

d. consumption spending; disposable income

Economics

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A cartel price will be established at the quantity where

A) total cost equals the industry total revenue. B) average cost equals the industry revenue. C) the sum of the members' marginal costs equals industry marginal revenue. D) marginal cost equals industry price.

Economics

Empirical studies have found that the labor supply curves for most parts of the population are

A) backward bending. B) upward sloping. C) downward sloping. D) nearly vertical.

Economics